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Market Trends
Commentary Provided byClyde Thorne Kenmare will be a hot spot next year when the energy company starts the wind energy park consisting of 1.2 million acres. |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Minot | ||
| Buyers’ or Sellers’ Market | Equal buyers and sellers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | Housing inventory increases during the winter and will see a lot of them sold early Spring. During this time frame, you will see prices increase. | ||
| Average Home Price | $225,000 - View Graph Trend | ||
| Best Selling Price Range | $150,000 - $199,000 | ||
| Worst Selling Price Range | $350,000 - $399,000 | ||
| Compared to Last Year | Up 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | No | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Minot is | No Change | ||
| Seller Activity for the past 90 days in Minot is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Minot? | Yes | ||
| Comments on Financing For Qualified Buyers | First time home buyers, conventional, and VA loans are still available. | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% | ||
| Housing Hot Spots | Minot, Burlington, Surrey, Kenmare, Velva | ||
| Reason to Buy/Sell | Good economic news | ||
| Average Sold Price | $225,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Clyde Thorne
Coldwell Banker 1st Minot Realty Minot, North Dakota 701-240-8594 cthorne@srt.com Agent Home Page 
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Minot Local News
News for Minot, ND - Wednesday January 27th, 2010 9:59am
During the news last night, it reported that a moose and it's calf settled themselves in Minot by the Job Corp center. You can see the entire ad at this link. http://www.minotdailynews.com/page/content.detail/id/536093.html?nav=5010
News for Minot, ND - Wednesday January 13th, 2010 12:24pm
North Dakota is still plunging a head of the nation with jobs and solvency. With all of the energy jobs and diversity of other fields, there are a lot of job openings but no one to fill them. You can visit www.jobsnd.com to see what North Dakota has to offer.
Minot Daily News:
http://www.minotdailynews.com/page/content.detail/id/535686.html?nav=5583
News for Minot, ND - Thursday October 29th, 2009 4:16pm
The Senate is in the process of extending the $8000 First Time Home Buyer Credit. You would have to be locked into contract by April 30, 2010. Also, for the first time, exsisting home buyers may be eligible for a $6500 credit on their next purchase if they meet qualifying requirements. Hopefully this will pass.
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